GDYN Dividend Type Payments

Although GDYN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Grid Dynamics Holdings, Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Grid Dynamics Holdings, Inc. - Class A (GDYN)
Bid Ask Last Change Volume P/E Market Cap
3.82 10.00 9.54 -0.09 623K 321 1.5B

GDYN Dividend-Like Income Using Covered Calls

With GDYN at 9.54, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 0.29 0.1
5% 0.48 0.1
10% 0.95 0.3

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On GDYN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 20 12.50 0.10 95 0.1 2.50 (26.2%)

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